FHA Loan vs. Conventional Loans (Mortgage): The Pros and Cons Before You Choose | NerdWallet

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  • Опубликовано: 1 фев 2025

Комментарии • 61

  • @bababooey8688
    @bababooey8688 Год назад +17

    Thank you for that information. I am pulling out the last 7 strands of hairs on my head dealing with my home search. Thanks again.

  • @MoneyOpulence
    @MoneyOpulence 2 года назад +14

    This has been very insightful. I wish more RUclipsrs take the time to create quality content like this. Thanks for sharing this take on FHA and Conventional Mortgage. Keep it up!

  • @xstalor7720
    @xstalor7720 3 месяца назад +1

    Thank you so much. You did one of the best job of explaining FHA loan. So basically you don't win either way with a FHA loan, because your paying high in insurance.

  • @mercedezholder7706
    @mercedezholder7706 2 года назад +5

    Thank you for explaining this. I’m currently in the market and this helps me look for better homes.

  • @cecilialynch6854
    @cecilialynch6854 9 месяцев назад +4

    Great helpful info. 1.75% upfront for PMI and monthly payments! That seems crazy!

  • @Psalms20A21
    @Psalms20A21 7 месяцев назад +1

    Thank You, very helpful and informative. And Enjoyable!
    Will share.

  • @joshharter2624
    @joshharter2624 Год назад +4

    Excellent video, very informative. As a part of high school graduation this should be required viewing.

  • @KrisAnderson-BOCBank
    @KrisAnderson-BOCBank Месяц назад

    Great information and very well explained!

  • @LincolnFelix-s4z
    @LincolnFelix-s4z 3 месяца назад +168

    Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

    • @SophiaChloé6f
      @SophiaChloé6f 3 месяца назад

      The deeper your investment roots, the stronger your financial security will be in the future.

    • @AbigailOliviaq4l
      @AbigailOliviaq4l 3 месяца назад

      Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

    • @LoganGabriel6m
      @LoganGabriel6m 3 месяца назад

      I would love an introduction to an adviser who can help me strengthen my financial roots.

    • @AbigailOliviaq4l
      @AbigailOliviaq4l 3 месяца назад

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

    • @LoganGabriel6m
      @LoganGabriel6m 3 месяца назад

      Thank you for this amazing tip. I just looked the name up and wrote her.

  • @winniejohnson5476
    @winniejohnson5476 5 месяцев назад

    This was a great explanation!! Thank you!

  • @DileoFilms
    @DileoFilms 4 месяца назад +5

    So you are stuck with private mortgage insurance with an FHA loan, even after you achieve 20% equity?

    • @eduardovargas6467
      @eduardovargas6467 4 месяца назад +2

      Yeah but it lasts for 11 years

    • @jaymcbride4081
      @jaymcbride4081 2 месяца назад

      Looks that way if you put less than 10% down. If you put 10 or more it only last 11 years.

  • @Zakdj27
    @Zakdj27 Год назад +2

    Why would a lender try to get an FHA loan for my sister and then change it to a conventional loan? She has some CC debt and wants to buy my deceased mothers home from the trust my mother setup. She already owns a 1/4 of the house.

  • @Ilovelucy12
    @Ilovelucy12 Год назад +16

    Good luck finding a lender who approves 500 even 580

  • @drea24c
    @drea24c 10 месяцев назад +1

    Wish I had found this video sooner.

  • @Danish2064
    @Danish2064 5 месяцев назад +2

    Fun fact, you can get up to 50% dti with most conventional loans

  • @FoodReviewerByNusrat
    @FoodReviewerByNusrat 2 года назад +3

    very nice video

  • @mattiadizard7431
    @mattiadizard7431 6 месяцев назад

    I and my man were told that the credit score must be 580 and his is 550 to get an fha loan

  • @alex182618
    @alex182618 7 месяцев назад

    I like the explanation

  • @katrinawilliams9095
    @katrinawilliams9095 7 месяцев назад

    Thank you so much

  • @BillLattimore-s2i
    @BillLattimore-s2i 4 месяца назад

    005 Jamey Spring

  • @BelindaWoodson
    @BelindaWoodson Месяц назад

    Word Window

  • @thejuiceisloose3785
    @thejuiceisloose3785 7 месяцев назад

    I had to have a 640

  • @CecilliaOscar-c3h
    @CecilliaOscar-c3h 3 месяца назад

    Margot Inlet

  • @DrydenTina
    @DrydenTina 4 месяца назад

    646 Breitenberg Mountain

  • @JaneGrey-n1d
    @JaneGrey-n1d 3 месяца назад

    Clemens Green

  • @RayPestka-f8i
    @RayPestka-f8i 5 месяцев назад

    Wanda Ports

  • @NumbersKwiat-x5z
    @NumbersKwiat-x5z 4 месяца назад

    Davis Isle

  • @DudleyTatu-g6e
    @DudleyTatu-g6e 4 месяца назад

    Connelly Corners

  • @StevenColeman-q4l
    @StevenColeman-q4l 4 месяца назад

    Kirlin Harbors

  • @WilliamMartin-r7i
    @WilliamMartin-r7i 4 месяца назад

    Okuneva Ferry

  • @JonathanDryden-j5i
    @JonathanDryden-j5i 4 месяца назад

    Declan Corners

  • @martinsomsson
    @martinsomsson 3 месяца назад

    082 Garfield Island

  • @LaurenJensen-q1g
    @LaurenJensen-q1g 3 месяца назад

    Brody Port

  • @cdaddy20
    @cdaddy20 5 месяцев назад +1

    I mean no malice but you explained this as if you’re not confident or NW attorneys informed you not to commit to any information provided.
    I understand viewers will find this video informative but its basic info you’ll find on any brochure. Viewers should already have basic knowledge of what’s mentioned before considering large debts.
    For some viewers, maybe this isn’t your thing and thats fine. Spend the time seeking professionals based on reliable ratings. Just keep in mind it’s all designed to push the debt. It is ALL designed to push debt.
    If you understand the last sentence then you’ll probably be fine and have an understanding regarding the steps best for you.

  • @GeorgeLee-z6x
    @GeorgeLee-z6x 4 месяца назад

    Margaretta Squares

  • @Dev-d4v
    @Dev-d4v 5 месяцев назад

    understood nothing

  • @TwainMichell-v6z
    @TwainMichell-v6z 4 месяца назад

    Valentina Pine

  • @BariGrumbling-e2j
    @BariGrumbling-e2j 4 месяца назад

    Maudie Path

  • @kingshomes8546
    @kingshomes8546 3 месяца назад

    666 Devil Road

  • @LisaJohnson69Jones-j6c
    @LisaJohnson69Jones-j6c 4 месяца назад

    Pollich Pike

  • @David-x9b2n
    @David-x9b2n 2 месяца назад

    Oh you go homeless from rental after 40 years at yahoo?

  • @ej.24.19
    @ej.24.19 Год назад +6

    your shelves are a little crooked

    • @colbyreader
      @colbyreader 7 месяцев назад

      Really worrying about the important stuff here

    • @Jjsibbley
      @Jjsibbley 6 месяцев назад

      Lol ok Mr. Monk

    • @albyDpo
      @albyDpo 3 месяца назад

      😂😭

  • @LorenzoSpratlen
    @LorenzoSpratlen 5 месяцев назад

    6508 Murphy Drive

  • @BellEdison-i7y
    @BellEdison-i7y 4 месяца назад

    00099 Luettgen Route

  • @BrowningBaldwin-b4z
    @BrowningBaldwin-b4z 4 месяца назад

    Gutmann Track

  • @RM-jb2bv
    @RM-jb2bv 8 месяцев назад +2

    WHO tf is FHA for?!!!!

  • @같싶
    @같싶 4 месяца назад

    7497 Rau Radial

  • @AnthonyGarcia-u7s
    @AnthonyGarcia-u7s 4 месяца назад

    Altenwerth Circle

  • @JonsonDorothy
    @JonsonDorothy 4 месяца назад

    0356 Sister Via